DESCRIPTION​

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Next Commercial is delighted to offer to market 202 Sydney Road, Kelso For Sale by Expressions of Interest.

 

Secured by Clancy Motor Group - a long established motor vehicle retailer with over 62 years trading history in Bathurst.

 

Triple net lease with tenant responsible for outgoings, repairs, maintenance, and building improvements.

 

Enormous 11,890 sqm* developed site located on the northern perimeter of Bathurst CBD, neighbouring BP, BCF, Petbarn, Freedom Furniture, Jaycar, McDonalds, and Harvey Norman.

Investment Highlights:
 

• Long 10 year net lease to 2031, plus 10-year option to 2041

• Four modern motor vehicle showrooms occupying 2,590 sqm*

• Two enormous fully automated service centres occupying 1,155 sqm*

• Fully developed hardstand fronting Great Western Highway across 11,890 sqm*

• Lessee pays all statutory outgoings, repairs, maintenance, and building improvements

• Annual rental increases greater of CPI or 3%. (Ratchet clause applies at option review)

• Annual net income - $702,737* (+GST)

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202 Sydney Road, Kelso is offered For Sale via Expressions of Interest.

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For further information and inspections, please contact the exclusive selling agents:

* (approximately)